citizen_friend

Joined 3 years ago

Karma
216
Submissions
193
Member since
Mar 13
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Recent submissions

Comment · 2 years ago
In other words:

- you previously spent time building relationships with contractors. You didn’t just type in property management in Google

- a significant overhead goes to insurance and management. Your comfortable putting money as needed into the venture. You have knowledge of legal pitfalls of being a landlord.

- you regularly spend time managing these contracts

Comment · 2 years ago
I believe you can do well with rentals, but not without labor and knowledge. The danger is people thinking they will just hire a manager.

I would also rather be an engineer than fix apartments.

Comment · 2 years ago
Idk if it was very technical for him to succeed. Know your local market and be aggressive in buying is a good strategy throughout 80s and 90s.
Comment · 2 years ago
Seminars were important knowledge distribution networks in the 80s and 90s.

Scams and low quality content are usually a strong indicator something used to be good, and attracted copy cats.

Comment · 2 years ago
You don’t think he made a lot of money in real estate?
Comment · 2 years ago
He already has stated publicly that the “rich dad” is a characterization. And the book is about the 4th product in his attempt to teach finance courses. So I’m already suspect of the article.

Yes it’s a terribly written book, but that’s typically the case from non-professional writers who just have something to say.

My biggest takeaway is that “stay in school so you can get a good job” is not a great wealth creation strategy. You just compete with other highly qualified candidates for jobs that pay 20-30% more (See 20+ years at Boeing). Jobs like this also attract other risk averse people.

Comment · 2 years ago
You’re trying to say that I’m defining success as money and he’s defining it as more wholesome factors.

That’s not what’s happening.

Comment · 2 years ago
Having a job he likes that pays him money he wants. That’s the criteria outlined. He’s just afraid it might end up being a job he doesn’t like.

There is a myth that higher paying jobs must be more miserable, but it’s rarely true.

Comment · 2 years ago
this sounds a lot like the psychology of having nothing to lose vs something to lose. You play more aggressively and are more successful in the former case.
Comment · 2 years ago
Remember that like wikipedia, citing yourself, or people related to your work is a form of marketing, and important for careers.
Comment · 2 years ago
I would expect them to have someone with at least an undergrad in math look over the math. Editor would help identify that
Comment · 2 years ago
This. He tries to do a few epsilon delta proofs and completely gets the concept wrong. I’m surprised an editor did not stop this.

If he can’t understand a limit it really puts a question mark on whether it’s worth reading his insight into the subject.

Comment · 2 years ago
How many meanings of the word emum do we need? Whose code does this improve?
Comment · 2 years ago
Hash maps are extremely difficult to make general which is probably why they were never included in C++98. unordered_map is a disaster.

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